Two institutions have deposited over 10 million US dollars of MKR into CEX

According to spotonchain monitoring, in the past 5 hours, two institutions Nascent and MakerDAO have deposited 3,566 MKR (worth $10.29 million) into CEX, specifically including:

Nascent deposited 1,216 MKR (worth $3.49 million), expected to profit $2.9 million (+294%). Subsequently, this venture capital firm withdrew 141 billion PEPE (worth $1.6 million), 281 thousand LDO (worth $508 thousand) and 3.41 million USDT from CEX.

Multisig address 0xbba (suspected to be MakerDAO) deposited 2,350 MKR (worth $6.8 million). Since April 25th, MakerDAO has reportedly sold off its holdings of about16,000 MKR at a price of approximately $2823 each(worth around$45.20million).